Prof. Wolff joins Brian Becker and John Kiriakou on Loud & Clear to discuss the effects of the 2008 crash on American taxpayers and where we are a decade later.
This article was originally published at Truthout.org
With the Democratic Socialists of America now counting 48,000 people within its membership and socialist candidates such as Alexandria Ocasio-Cortez pushing for free universities and Medicare for All, Americans are once again discussing capitalism versus socialism. Fortunately, they are not doing so in the old Cold War manner of uncritically celebrating one while demonizing the other. Rather, it’s a debate over the choice Americans must make now between keeping capitalism or changing the system to some form of socialism. As debates often do, this debate awakens us to problems and differences in how we understand its basic terms. For clarity and to make progress in this important debate, we need to stop conflating “capitalism” with the market. This is done far too often and on all sides of the debate.Read more
Updates on new approach to Labor Day, DNC accepts fossil fuel donations, Turkey's crisis as typical capitalist instability, collapse of Genoa toll bridge, exploding gap between...READ MORE
This week on Economic Update, Prof. Wolff delivers updates on Missouri vote for union position, the irrationality of student debt, economic sanction of Iran isolates and costs U.S. for Trump political gains, Monsanto puts profits...READ MORE